The UK’s richest spirits tycoons

14th May, 2019 by Nicola Carruthers

9. Leonard Russell and family

Worth: £152m

Rank in The Sunday Times Rich List 2019: 775

Rank in 2018: 900

Rise/fall: +£25m

Leonard Russell is the managing director of independent spirits group Ian Macleod Distillers, maker of the Glengoyne, Tamdhu and Smokehead Scotch brands. It is the world’s 10th largest Scotch whisky company, producing and selling more than 15m bottles annually.

In 2017, the group announced plans to restart production at Lowland distillery Rosebank after purchasing the site from Scottish Canals. The following month, Ian Macleod secured an £80m (US$103m) refinancing package to support the revival of the distillery.

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